As mentioned in last night's Blog - the trend is up. O/N Inventory is Long. Unless we get price acceptance below 1384.50 which is Friday afternoon's pullback Low and Mid point, Value should be higher and the target becomes the 1400 level. Friday's POC was prominent and has a good odds of be visited. However, if we Gap Open higher - trade in the direction of the Gap if it is not filled within the first 30 minute period. No Major news this morning.
TRADING E-MINI S&P FUTURES USING MARKET PROFILE. GET DAY TRADING STRATEGIES AND UPDATES PRIOR TO THE OPEN, AND KEY SHORT TERM MARKET OPPORTUNITIES. DISCLAIMER: Any materials and information you obtain at this website is exclusively for educational purposes. You further acknowledge that any trading or investment decisions you make are totally your own and it is further understood and agreed that the author Atul Malhotra is not liable for any damages or losses that you may incur.
Monday, August 6, 2012
S&P Morning Update for Aug 6, 2012
As mentioned in last night's Blog - the trend is up. O/N Inventory is Long. Unless we get price acceptance below 1384.50 which is Friday afternoon's pullback Low and Mid point, Value should be higher and the target becomes the 1400 level. Friday's POC was prominent and has a good odds of be visited. However, if we Gap Open higher - trade in the direction of the Gap if it is not filled within the first 30 minute period. No Major news this morning.
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